the cost of rentals have become more and more unaffordable at any income level and covid-19 has had substantial negative impacts on both residents’ finances and business revenues.
leasing & moving in
Traditional security deposits have created friction in the leasing process.
Landlord reactions
Some landlords have tried to reduce this friction to their own detriment by not requiring large enough security deposits.
current realities
Covid-19 unfortunately has had tremendous negative financial impacts on renters and landlords.
We have your Solution
remove or Return the Deposit
keep the accountability
Unlock Revenue
Through secure banking technology, Roosteasy obtains contractual pre-authorization to directly withdraw funds only If the resident actually causes damage. This allows for:
Increasing NOI for Landlords
Removes administrative time and costs, increases lease-up velocity and decreases turnover.
residents to save money
Putting up to thousands of dollars back in a resident’s pocket.
Complete Automation
Residents receive approval within seconds.
Landlord piece of mind
Landlord paid immediately in the case of damages.
how it works
We charge resident’s a small monthly service fee depending on the value of the security deposit being replaced.
Within seconds, while the resident is with the leasing agent or online, we:
Disclose the low monthly fee
Securely verify customer identity and account authenticity
Conduct robust account threshold checks
Provide instant approval decision
Connect to resident’s bank account and receive contractual authorization to withdraw funds from their account only in the case of damages or unpaid rent
not another insurance product
We are not a surety bond product which still requires an expensive upfront payment. Nor are we an insurance product, so our residents are still accountable for damages, which aligns resident and landlord incentives.
SIMPLE, SAFE & CONVENIENT
It’s completely safe, secure, and the approval process is immediate. Residents pay for damages, unpaid rent or unpaid fees, at the end of their lease, if and only if they actually cause damage. RoostEasy immediately facilitates payment to property owners, so owners still receive the protection, security, and piece of mind of a deposit.
Benefits
Financial Relief
Return security deposits to residents now, midlease, when they need it the most.
Save time and money
Reduces administrative time, costs, and headaches.
Payment options
Resident chooses monthly payments or a one-time upfront payment for a discount.
Third Party trust
Our photo documentation function at the beginning and end of tenancy ensures accuracy.
robust criteria
We use detailed account information to ensure residents' financial health before approval into the program.
accountability
The resident is still responsible for damages, unpaid rent, or outstanding fees.